Yingli Green Energy Holding Company Limited, the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," announced on July 31stthat its wholly-owned subsidiary, Yingli Green Energy International AG, has entered into a strategic alliance with AMB Energia Wytwarzanie, a subsidiary of AMB Energia S.A. to co-develop 30 MW of solar projects in Poland.
Within the framework of the agreement, AMB Energia as a local partner will fully develop the projects with the strongest support from Yingli throughout all project stages. Both parties intend to sell the turn-key projects to investors. The closure of this strategic partnership endorses once more the Company's strategy of identifying strong local partners in key regions of the world for project opportunities by at the same time consistently transforming from a pure module supplier into a provider for integrated solar energy solutions.
"In this strategic alliance, the partners will jointly work on co-developing a diversified project portfolio to be ready for inclusion into the auction system* in 2015. As a leading developer in Poland, AMB Energia will engage in all stages of the development phases of the solar PV projects. This partnership will furthermore enhance our strong position in the project business as well as in the Polish market," said Mr. Manuel Seiffe, Head of Project Business, Yingli Green Energy International AG.
"It is a great honor to cooperate with the world's leading PV manufacturer on the development, implementation and commissioning of projects. We believe that the investment in a pipeline of early-stage project opportunities will bear fruit as early as in 2015," said Mr. Przemyslaw Pieta, Chief Executive Officer of AMB Energia S.A.
* The auctions will be conducted separately for planned renewable installations below and above 1 MW with only ready-to-build projects allowed to participate.
